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SpaceX Default Risk Hits Record High in Tech-Driven Credit Slump (archive.is)
submitted 1 day ago by to c/technology@lemmy.world
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  • SpaceX and CoreWeave Inc. were among the biggest casualties in a broad-based credit slump due to renewed fears of tighter regulation on the artificial intelligence industry.
  • The yields on one of CoreWeave's bonds soared to a record high of more than 17%, while the cost of insuring SpaceX's debt against default also rose to its highest level ever.
  • Market watchers warned that a Democratic rout could strengthen the party's ability to scrutinize Elon Musk's conduct and impede an anticipated tie-up between Space X and Tesla Inc.

OG: https://www.bloomberg.com/news/articles/2026-11-05/spacex-default-risk-hits-fresh-peak-as-tech-led-selloff-builds

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[–] 20 points 23 hours ago* (4 children)

He will get it. Space X is now the only domestic source of volume orbit launch capabilities. It's a "national security issue" if it goes under. which is probably why Musk has been tying all his other failing garbage like XAI into SpaceX.

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  • [–] 4 points 10 hours ago

    Any bailout should come with two big conditions.

    1 - spin it back off into its own company - rockets one company, telecom one company, everything else can go fuck off.

    2 - elon has to sell off all stakes in the rocket company.

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